Hong Kong-listed appliance maker shut its southern China factory on Monday, state media reported, making it the latest victim of the world economic slowdown's impact on Chinese manufacturing. The closure of Bailingda Industrial Co.'s electrical appliance factory in the export hub of Shenzhen has left 1,500 employees jobless, Xinhua news agency reported. It follows the failure on Friday of another Hong Kong-listed firm, toymaker Smart Union, which shut its factory in the nearby city of Dongguan in Guangdong province, throwing about 7,000 out of work.
